Pineapple Energy (NASDAQ:PEGY) Shares Down 6.5% – What’s Next?

Pineapple Energy Inc. (NASDAQ:PEGY) shares fell 6.5% during trading on Thursday . The company traded as low as $0.9610 and last traded at $0.9915. 135,388 shares changed hands during trading, a decline of 81% from the average session volume of 730,629 shares. The stock had previously closed at $1.06.

Pineapple Energy Stock Performance

The company has a 50-day simple moving average of $1.17 and a two-hundred day simple moving average of $1.39. The company has a quick ratio of 0.36, a current ratio of 0.47 and a debt-to-equity ratio of 0.71. The firm has a market cap of $2.03 million, a PE ratio of 0.00 and a beta of 2.81.

About Pineapple Energy

Pineapple Energy (NASDAQ: PEGY) is a U.S.-based clean energy and targeted electrification company focused on delivering residential and small-commercial customers advanced energy management solutions. The company’s approach centers on integrating hardware, software and installation services to help homeowners transition from fossil fuel–based equipment to electric alternatives. Pineapple Energy positions itself as a one-stop provider for electrification, aiming to streamline the shift to electric vehicles, battery storage and other efficient electric appliances.

The company’s core offerings include a suite of smart home energy products and services such as residential electric vehicle chargers, battery backup systems, smart circuit breakers and infrared heat control devices.